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Freedom Holding (XKAZ:FRHC_KZ) Cyclically Adjusted FCF per Share : $-0.92 (As of Mar. 2025)


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What is Freedom Holding Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Freedom Holding's adjusted free cash flow per share for the three months ended in Mar. 2025 was $21.352. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $-0.92 for the trailing ten years ended in Mar. 2025.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Freedom Holding was 130.70% per year. The lowest was -56.70% per year. And the median was 23.85% per year.

As of today (2025-07-23), Freedom Holding's current stock price is $174.48. Freedom Holding's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $-0.92. Freedom Holding's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Freedom Holding was 233.96. The lowest was 0.33. And the median was 3.43.


Freedom Holding Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Freedom Holding's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Freedom Holding Cyclically Adjusted FCF per Share Chart

Freedom Holding Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.34 -1.70 -3.87 -0.92

Freedom Holding Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.87 -2.50 -3.14 -3.25 -0.92

Competitive Comparison of Freedom Holding's Cyclically Adjusted FCF per Share

For the Financial Conglomerates subindustry, Freedom Holding's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Freedom Holding's Cyclically Adjusted Price-to-FCF Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Freedom Holding's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Freedom Holding's Cyclically Adjusted Price-to-FCF falls into.


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Freedom Holding Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Freedom Holding's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=21.352/134.9266*134.9266
=21.352

Current CPI (Mar. 2025) = 134.9266.

Freedom Holding Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.000 100.684 0.000
201509 0.000 100.392 0.000
201512 -0.001 99.792 -0.001
201603 0.000 100.470 0.000
201606 0.008 101.688 0.011
201609 -0.007 101.861 -0.009
201612 -0.024 101.863 -0.032
201703 0.040 102.862 0.052
201706 0.017 103.349 0.022
201709 0.387 104.136 0.501
201712 -2.130 104.011 -2.763
201803 -0.480 105.290 -0.615
201806 0.016 106.317 0.020
201809 0.700 106.507 0.887
201812 0.000 105.998 0.000
201903 0.205 107.251 0.258
201906 1.937 108.070 2.418
201909 -0.896 108.329 -1.116
201912 0.076 108.420 0.095
202003 0.275 108.902 0.341
202006 11.791 108.767 14.627
202009 -6.745 109.815 -8.287
202012 5.281 109.897 6.484
202103 -1.294 111.754 -1.562
202106 -1.080 114.631 -1.271
202109 1.384 115.734 1.614
202112 -11.082 117.630 -12.712
202203 3.859 121.301 4.292
202206 -4.540 125.017 -4.900
202209 3.824 125.227 4.120
202212 -7.567 125.222 -8.153
202303 -8.363 127.348 -8.861
202306 -15.597 128.729 -16.348
202309 -7.527 129.860 -7.821
202312 -0.649 129.419 -0.677
202403 5.012 131.776 5.132
202406 13.773 132.554 14.020
202409 -7.401 133.029 -7.507
202412 -1.531 133.157 -1.551
202503 21.352 134.927 21.352

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Freedom Holding  (XKAZ:FRHC_KZ) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Freedom Holding was 233.96. The lowest was 0.33. And the median was 3.43.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Freedom Holding Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Freedom Holding's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Freedom Holding Business Description

Traded in Other Exchanges
Address
No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040
Freedom Holding Corp is a holding company with its subsidiary it is engaged in securities brokerage, securities dealing for customers and account, market-making activities, investment research, investment counseling, investment banking services, retail and commercial banking, insurance products, payment services, and information processing services. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its segments are Brokerage, Banking, Insurance, and Others.

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